Miracle Properties Ltd

As soon as we got home from our 2 weeks in the UK we started to build our power team. Our power team consists of those we work within the UK. Some examples are our mentor, accountant, lawyer/solicitor, builder, mortgage brokers, sourcing agents, real estate agent, tax expert, management team etc.

Vi letade efter projekt varje dag och det tog inte mer än 2.5 vecka från att vi kom hem tills att vi hittade ett som passade oss. Det var en lägenhet i Glasgow som vi skulle köpa och hyra ut.

Vi gjorde vår analys av siffrorna och området. Däribland kollade vi upp om det är ett område där folk hyr eller äger sitt boende, vilket är en av de viktigaste sakerna.

Utbud och efterfrågan styr alla investeringar vi gör.

Everything was right and we said yes. This was on a Saturday night and our sources would come back on Monday when they had spoken with the seller and had the details of his lawyer/solicitor. After trying to get hold of the seller for 3 days, they finally went to the property and knocked, they then found out that the seller had tragically passed away. We sent our condolences through our sources and left the family to mourn.

It only took 2 weeks before we found another deal that felt too good to be true. A semi-detached house just outside Glasgow. We did our due diligence of the deal and everything turned out to be right. The seller wanted the deal completed within a 1 month and our lawyer/solicitor started right away. There is a lot of paperwork, bank statements, personal certificates etc that need to be exchanged and it takes a week or two to get all the work done if you have a fast lawyer (Solicitor). Our lawyer/solicitor did the work and we were waiting on the seller. It would take a week longer than planned.

That week passed and we called to see what was needed to get the deal done. The seller was in a difficult position with loans on the property and had to sell parts of his property portfolio to pay off the loan. He needed another month.

Vi sa okej och började fokusera på andra projekt och prata med potentiella investerare.

A month went by and we became frustrated with the deal. After we had been over in England at a networking meeting and met others in the industry, we decided to put some pressure on. We had a conversation with our sources and said that at the end of the month we will pull out of the deal if nothing new happens.

Vi hade redan fixat med att bli registrerade som hyresvärdar och försäkring för huset etc och ville få det klart eller gå vidare till en annan affär. Vi hade investerare som hejade på och förlitade sig på att vi skulle ta rätt beslut.

Detta var i början av juni och det hade nu gått 2 månader sedan affären skulle varit klar.

Vi skulle till London igen veckan därpå och gå på årets största fastighetskonferens “10X Property superconference” med Grant Cardone och Mark Homer som huvudtalare, så vi sa till varandra att vi tar ett beslut om affären när vi kommer hem igen.

That weekend became one of the highlights of the year for us. We learned even more about real estate investment and built up a larger network in the United Kingdom with amazing people with whom we have daily contact.

Detta är något av det bästa som fastighetsinvesteringar har gett oss än så länge. Vänner för livet!

– Emelie

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